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:00 p.m. we get our first check on the economy in the new year. the january jobs report is out and despite improving signs, the economy shrank at the end of last year. >> january brought 157,000 new jobs and another 100 27,000 not previous -- 127,000 not previously counted, but the jobless rate went up to 7.9%. >> there is a role for more measures to nudge the rate down. >> there was a shrinking economy at the end of the year. >> we are not going anywhere fast. >> the economy is on a seesaw. >> the president can make any excuse he wants but it will not help americans find jobs. >> the president's job council expires today. >> the white house will begin a new effort to work with the business community. >> the labor secretary thinks immigration reform will help. >> if we can bring those 12 million out of the shadows, that is over $2 trillion. >> congress extended the debt ceiling, that they have yet to prevent big spending cuts. >> 800,000 civilians will lose their jobs. bases will have to be closed. the grants will have to be stopped. >> that could add to the unemployment number
's specious. >>> the economy took an urn expected turn. it shrank for the first time since the great recession. >> reporter: the headline may be disappointing, but the underlying economy was showing renewed strength at the end of last year. consumer spending, which drives 2/3 of the economy was up 2.2%. home building soared more than 15%. and it contributed to economic growth in 2012 for the first time in six years. only government spending cuts on defense caused overall economic growth to flat-line. >> the fiscal tightening is taking a toll. it took a toll on growth in 2012. it will take a toll again in 2013. >> reporter: but in the trade channels of the u.s. economy, the tide appears to be turning. >> i think it's getting better. things are definitely getting better. >> reporter: robert landry is chief commercial officer at portland of new orleans. >> do you think of the port as a leading indicator? >> we are. we see a lot of things before it hits the economy. when people are making decisions, they're making them months in afrd vance to get them -- in advance to get them on board a ship. we'
economy has been building the space program. two earlier launches failed, two others were aborted. last month north korea successfully launched a rocket as well. white house called the launch a cover. test ban to missile technology. >>> next week back in this country the state department will hold a welcoming ceremony for john kerry. he has been confirmed as the next secretary of state. the vote was 94-3 and john kerry was there. he could be sworn in as early as friday. no official date has been set. the governor of massachusetts says he will appoint a temporary successor to fill kerry's u.s. senate seat. >>> just about 45 minutes from now the senate will hold its first committee hearing on gun violence since the newtown school shooting. kyla campbell is live in our washington, d.c. newsroom. we are hearing gabrielle giffords will be a witness this morning. >> reporter: giffords is expected to give an opening statement but she won't be taking questions from the senate panel. several gun safety advocates are testifying today including giffords husband mark kelly. in the two years since s
. >> consumer reports say small engines may not deliver the speed or fuel economy they claim saying the tests show turbo charged models from ford, hyundai, and kia fall short of expectations and the chevrolet turbo charged got little extra power than the models with conventional engines. a four cylinder from bmw does deliver of good fuel economy and acceleration according to consumer reports. >> the worker who goal from a construction site survived the fall because of plastic. the worker plunged 30' from this building into plastic sheeting wrapped around the site he worked on. he was tangled in the heavy duty plastic and was cut free despite the padded landing, he was taken to the hospital but is expected to be okay. >> a bit of good luck. >> the san francisco 49ers' season ended in pride and heartbreak. the last duty the niners have to handle this morning. >> week long hostage stand off comes to a dramaticnd in alabama with new develop ♪ i'd like to thank eating right, whole grain, multigrain cheerios! my bowl, my spoons! mom, are those my jeans? [ female announcer ] people who choose more
predicted it could harm the economy if the cuts are allowed to kick in. instead of working together to do something about it they resorted to the blame game a month before the deadline. republicans may be the party of spending cuts but on monday house speaker john boehner insisted the looming sequester was the president's idea. >> the president first proposed this sequester in 2011 and insisted that it be part of the debt limit agreement. >> reporter: unless congress acts the package of cuts worth $1.2 trillion will start to kick in march 1st, taking a $55 billion bite out of this year's defense budget and $27 billion from domestic discretionary spending. according to the congressional budget office more than 1 million jobs are at risk. defense secretary leon panetta had this warning. >> we are going to weaken the united states and make it much more difficult to respond to the crisis in europe. >> reporter: the cuts were designed to be so painful they would force congress to come one a smarter way to trim the deficit instead but it didn't happen. house republicans
agricultural livestock and irrigation water and source of the economy in my state. >> we almost wore the same thing today. i'm glad that didn't happen. you know i think that in speaking to both of you, one of the things, steven, is to talk about what us going on right now with your activism, what kind of, is there anything promising. we see these 53 senators. man, that seems like an uphill battle. >> the industry is trying to buy their way to this pipeline, without a doubt and, you know, putting a lot of money into it. you mentioned that letter signed by 53 senators who on average have taken 350% more oil money than their colleagues who haven't signed the letter and aren't urging the president to avert this environmental disaster. it's clear where the industry stands and what they're willing to do to get it. many are going to gather for the forward on climate rally. you can find out more information at the website. we're trying to fight the money with the money. that's what we're doing. >> the issue keeps coming up again and again and they keep urging the president to sign the permit and than
position on the economy has been congressman paul ryan, who chairs the house budget committee. and just as mr. ryan has problems recalling his exact marathon time, so he appears to have real problems with who was responsible for the sequester in the first place. >> we think the sequesters will happen because the democrats have opposed our efforts to replace those cuts with others and they've offered no alternatives. >> and while the republican approach to the fast approaching sequester leads them to rewrite history and ignore the potential for economic disaster, mr. ryan's friend and colleague, eric cantor, was also out delivering his own version of republican revisionism. >> our house republican majority stands ready for the president and his party to join us in actually tackling the big problems facing this country. >> that was mr. eric cantor 6.0-let's turn to representative keith ellison, democrat from the state of minnesota. and to my colleague, joy reid, who is managing editor of thegrio.com. congressman, it seems to me, sir, we have a major collision today. on the one hand, we ha
you know why this one took so long. >>> some solidly mediocre news about the economy, and the dow crosses 14,000. business news just ahead. >>> and nothing mediocre about the forecast on this first day of february. you may think we're moving into spring based on the temperatures we're already seeing outside right now close to 60 degrees. could see 70 in parts of the bay area. we'll look at your super bowl weekend forecast when we come right back. >>> there's more news this morning. the american economy is stuck right in neutral, but scott mcgrew says, hey, the stock market didn't even seem to notice. >> yes, good morning. starting with jobs, the american economy added 157,000 jobs to the month of january. that's a solid number, kind of a huh number. the unemployment rate rises to 9.7%, up 0.1%. now on wall street, they seem not too bothered about that. in fact, the dow industrials crossed over 14,000 for just a little bit there. here we see the nasdaq open. they're wearing red because of heart health. the federal trade commission this morning says the app path will pay $800,000 in
there was strength in construction, manufacturing, and retail hiring. the labor department also said the economy added 422,000 more jobs last year than first reported. that upped the average monthly job growth in 2012 from 153,000 to 181,000. but the economy is facing new head winds, with the payroll tax rising again. from 4.2% to 6.2%. >> how much impact do you think the payroll tax hike is going to have on growth? >> consumers are faced with a drop in real disposable income of more than 2% in the first quarter. that's going to impact spending. that's going to shave a percentage point off of gdp growth. >> and slower growth, of course, means less hiring. many economists believe that will only be a temporary setback to the economy while people adjust. anthony mason, cbs news, new york. >>> we are less than 42 hours away from kickoff at super bowl xlvii. >> and no one is more excited than dennis o'donnell. he wants to go on another week, maybe two. dennis. >> you have no idea. you have no idea how much i like these press conferences and sound bites. two more weeks of this. >> i have a small
hurt the economy if they kick in as scheduled march 1. the president is proposing the smaller budget deal now and a bigger one later. danielle nottingham has the latest from washington. >> reporter: president obama is calling on congress to come up with billions in spending cuts as a short-term fix to stop massive automatic across-the- board cuts set to take effect in less than a month. >> our economy right now is headed in the right direction. and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> reporter: last year congress and the president signed off on the automatic cuts to force themselves to deal with the nation's skyrocketing debt. the original deadline was january 1. and when they couldn't reach a larger budget deal then, they postponed it to march 1. the white house wants another short-term fix to head off a hit to the fragile economy and give lawmakers more time to work out a 10-year plan. the president continued to push an approach that includes more tax revenue along with spen
to go back and talk to the people be focused on the economy, and he did it and turned it around so i think he will be a very good voice for the middle class, and i think he will do a very good job in the interim. >> jennifer: yes, and you know he is only going in for a short amount of time. >> yeah. and deval patrick is a fantastic person. we worked with him in the justice person. he is a man that understands the people, the real life practical impact of government on people and i love his choice. >> jennifer: i can't wait to see where he goes next. >> yes. >> jennifer: all right you guys thank you for coming in. and coming up if these images right here concern you. just imagine how john kerry feels. the situation in egypt has turned combustible, and >> jennifer: you are back inside "the war room." i'm jennifer granholm. there will be no honey moon for john kerry. he is going to assume his post tomorrow, and he is going to immediately have to deal with several middle east flash points like civil war in syria, iran and its nuclear programs as well as the unrest in eg
to analysts it is a multitude of factors. one is because the economy is doing well as though the cost of crude oil is ouup. another thing is processes are turning over to the spring/summer blend. that means some of these production is down why they make that switched over. as we get closer to the summer blend we may continue to see prices go up. they may continue go up all the way through april. >>-i knew i should fill up three days ago. >> the good news is that gas will probably be more expensive so fill up today and again be your friend. >> i have no choice, have 2 mi. left. >> the good news is today's gas prices will be cheaper than tomorrows. americans are bombing about 4% of their incomes into buying gasoline. the energy barbets is u.s. households spent an average of just over $2,900 on gasoline last year. that is eyes level and for years. the percentage rates similar levels in 2008, when a red hot global economy and panic over dueling surprising gas prices to the roof. the nationwide average price for gas of regular gas out cast it $3.60 last year also a record high. >> police have relea
jones starting next month above the 14,000 mark the presidents said our economy is poised to expand. >> 2013 can be a year of solid growth, more jobs and higher wages but that will only happen if we put a stop toself inflicted wounds in washington. >> and this morning the president once again called on congress to work together on a balanced approach to reduce the deficit and promote economic growth. he said businesses created 2.2 million jobs last year. he suggests economic reforms including reducing the cost of health care programs like medicare and closing loopholes in the tax code. >>> this is the first time in five-year that the dow closed above 14,000. it had dropped as low as 6600 in 2009, increased consumer confidence, manufacturing and auto sales are credited for the surge. >> we are moving in the right direction compared to a lot of other countries we are in a good position. >> the economy has improved. you can put the money in the bank but you earn no interest. >> economists say many prefer american investments because the european markets struggling and many conside
:47 now. a surprise report on the economy from the last quarter of last year. here now to chat about that, kcbs radio's financial reporter jason brooks. good morning. >> reporter: good morning, frank. certainly a cloudy picture of the 4th quarter. we knew it was a slowdown from the 3rd quarter but not as bad as it came out. economists expected about a 1% gain. commerce department says the economy fell by a tenth of a percent in the 4th quarter. first drop since the recession. that compared to a 3.1% gain in the 3rd quarter. now, a big cut in defense spending really led to this. defense spending down 22%. biggest drop for that in 40 years. seen as a one-time factor. the january jobs report comes out on friday. and private payroll tracker adp reports that there was a gain of 192,000 jobs this month which is better than what was expected. although it did revise its december number lower from 215 to 185,000 jobs. >>> facebook reports its earnings after the closing bell today. it's expected to see better numbers than a year ago. the key figure will
are in this country, foreign workers, hi-tech workers to stay. richard? >> so for california's economy. john kerry will be the official secretary of state. only three opposed. senator kerry immediately submitted his resignation to massachusetts governor who later today will announce his choice to replace kerry on an interim basis. a new election will be held june 25 25th. >> s.e.c. clinton reflected on her time in office. >> what do you think didn't go well? what went wrong? >> well, benghazi went wrong. you know, that was a terrible example of trying to get the right balance between being in a threatening place or not being there. >> reporter: when she campaigned against barack obama, she said she was better prepared to handle world crisis. >> there's a phone in the white house and it's ringing. >> when that phone call rings at 3:00 in the morning who is best prepared to answer it in 2016? >> well, that is to be decided by the american people. but one thing i've learned the phone rings day and night. >> reporter: but after a fall damaged her left eye temporarily requiring glasses with a special p
a satellite in the space. south korea is the fourth largest economy. two previous launches failed and two others were aborted. north korea successfully fired a rocket launch last month. the white house called the launch a cover to test banned missile technology. >>> the state department will hold a welcoming ceremony for john kerry who is confirmed by the senate as the next secretary of state. the vote was 94-3. he could be sworn in as early as friday. no official date has been set. the governor of massachusetts says he will opponent a temporary senator to fill his seat. >>> secretary clinton doesn't see herself getting into politics. she plans to focus on public service, speaking, and writing. she didn't rule out a run for the white house in 2016. whatever her decision he is healthy and ready. >>> later today police and volunteers will pass out crime prevention tips and resources to help business owners avoid scams. in the past, criminals have taken advantage of businesses by asking for money as part of the lunar new year tradition. >>> brentwood police have released two connections in t
consistent job growth and some think the economy added 155,000 jobs last month but they expect the unemployment rate to remain at 7.8 percent. >> senator john kerry is set to be sworn in today as secretary of state after an emotional farewell to the senate after representing massachusetts for the past 28 years. he is set to take the oath of office for his new post in a small private ceremony. john kerry will succeed secretary of state, hillary clinton, who officially steps down today. at his request, john kerry will be sworn in by supreme court justice kagan. >> next, the bag of jewels police in the east bay are trying to reunite with its owner. >> new warning of energy drinks and what they could to do your >> welcome back, this morning police are looking for the owner of a bag of jewelry found in fremont. these are pictures of the jewelry found in a bag. a maintenance worker found the bag in the bushes yesterday morning. many of the items still have the price tags attached. if some of this belongs to you, contact the fremont police department. >> this morning, another reminder
:45. great news on the economy is sending stocks to highs we've not seen in six years. ktvu's pam cook is in the newsroom now with the exciting news on wall street. good morning, pam. >> good morning. two good reports are getting credit for taking the dow up to new heights right from the opening today. british opening -- [opening bell] >> the dow has pulled back a little bit. but that's typical. the index will test a new level for a bit until investors and economists weigh in whether or not the momentum will continue. in the past week, the s&p 500 has been testing the 1500 mark, both seen as very good, positive signs on the economy. helping drive the numbers, this morning's jobs report indicates that the jobs market is recovering. slowly but recover. there's another good report on manufacturing that shows growth in the u.s. as well. now, the unimemployment rate did inch up -- unemployment rate did much up but analysts say that could be because more people are starting to look for work. so they are counted in those numbers again. >>> let's take a live look at the big board right now to
was in october of 2007, before the financial crisis rocked the economy. experts disagree, to some it's a number only and investors are feeling more o mystic and thus more willing to invest. the nasdaq is up 35 and the s&p 500 up 14. >>> one of the big reasons the dow was up is this morning's jobs report. according to the labor department, u.s. employers added 1 57,000 jobs in january and the unemployment rate was unchanged, at 7.9%. analysts say that could be because more people are starting toking look for work. january's report marks 35 consecutive months of job growth. >>> the attack on the u.s. embassy in turkey comes on the same day that john kerry stakes over as secretary of state. kerry will be sworn in at the state department this afternoon. before starting his new job, kerry made his farewell tour across massachusetts yesterday. he said he wanted to thank the people he's represented in the senate for 29 years. >>> and hillary clinton just gave her farewell speech to the state department this afternoon on her last day as secretary of state. this is video of clinton leaving home this mor
, a wild ride for the american economy. stocks surge to their highest close in more than five years, nearing an all-time high. but unemployment ticked up. then there's the price of gas. suddenly sky-high again. >>> there's been another terrorist attack on a u.s. outpost overseas. our own richard engel is there, all of it playing out when we get a new secretary of state. >>> new rules in the ongoing fight over birth control coverage. the president makes an offer. the question is, will religious leaders give it their blessing? >>> and the big game. it's all over, but the shouting, the fans are in place, the excitement is building. oh, but wait. we're talking about the puppy bowl on sunday. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening. late today the stock market crossed over something of a mythic mark of the modern era and the dow jones industrials closed above 14,000 for the first time since 2007. and we all remember what happened back then. the stock market has been on a tear of late, ga
is washed out or disabled, the local economies are deaf stated by that. that's just, it can't happen any more. >> reporter: that's what it takes to take the devil out of devil's slide. tom vacar, ktvu channel 2 news. >> san francisco base path has agreed to pay almost a million dollars. the social networking application will pay $800,000 for allegedly collecting personal information from children without their parents consent. as part of the ftc settlement, path will launch a new privacy program and will get independent privacy assessments. >> apple is now the top maker of mobile phones in the united states overtaking samsung. research firm found apple shipped an estimated 17.7 million phones in the fourth quarter. that is a record 34% of market share. but averaged out for all of 2012 samsung is still number one. >> a chemical commonly found in plastic bottles may soon be added to california's list of harmful chemicals. a division of the states ago agency intends to add bpa to that list. if that does happen, manufacturers would be tried to place warning labels on products that contain ha
the numbers over the past two years. the economy created 180,000 jobs per month in 2011 and 2012 up from an estimate from 150,000. the government says the u.s. unemployment rate clicked up to 7.9% from 7.8. >>> a watering hole tonight, a new location. the lounge celebrated the official reeping at the new fisherman wharf location. it came here after a conflict with their landlord. they return just in time for the 49ers return to the super bowl. the mayor proclaimed gold dust lounge day and promised to drop by during sunday's game. >>> the first day of san francisco's nudity ban. what protesters did and how the police reacted. >>> hilary rodham clinton departure today is just the tip of the iceburg. the big shovel in the white house cabinet. >>> the warming trend has come to an end. how much cooling you can ebgt pect [ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now best foods mayonnaise is just $2.77. so pile it on.
for the bay area economy. a new report out this morning says silicon valley bounced out of the recession last year adding jobs and income. overall, income in silicon valley rose 2.2 percent according to the group joint venture silicon valley. employment was up 4 percent last quarter from the year before the sharpest increase in a decade but the rebound hasn't been a cure all for all. african-americans' income fell an average 18 percent last year and hispanic income dropped 5 percent. >> dell will leave the stock market. the company founder and a group of investers hoped to buy the company and take it private a deal worth $24 billion. shareholders have to approve the plan. dell struggled losing a third of their market value and falling behind rivals apple and samsung. >> nothing private about the weather forecast. we have clouds out there. >> lot of clouds. they are high mid-level clouds and not dropping any rain. it is not this cold front i am worried about but the next one, on thursday. i will give you an update on the rain. >> you want to get pregnant? we will tell you why you might want to
start tonight with the economy. it took nearly five years but the dow is back above 14,000, a symbolic end to the worst economic crisis since the great depression. back in october of 2007 the dow hit an all time high of 14,164
of the economy is showing strong growth and that's the stock market. the dow continued its january rise with a gain of 72 points today and it is now very close to hitting 14,000, the nasdaq dropped a fraction. patti lee live in san francisco where she learned what's driving the markets and why the bay area is looking better. >> reporter: it's starting to feel like bold times. just take a look at this ticker when was the last time it could make you smile. but with investors on the sideline and the dow down the bears are on the run for now. in san francisco, spending is making a come back. >> i do see a lot more people shopping. i see a lot more people traveling. the airport is pretty full. traffic is back on the freeways. >> reporter: dollars are also flooding the stock market. the dow is closing in on 14,000. a level it hasn't seen since 2007. and just last week the s & p hit a five year high. economists say the forces behind the run include growth in china. stability in europe and the postponement of physical cliff talks in the u.s. a ro bust housing market doesn't hurt either. >> i'm
part of the economy is showing strong growth and that's the stock market. the dow continued its january rise with a gain of 72 points today and it is now very close to hitting 14,000, the nasdaq dropped a fraction. patti lee live in san francisco where she learned what's driving the markets and why the bay area is looking better. >> reporter: it's starting to feel like bold times. just take a look at this ticker when was the last time it could make you smile. but with investors on the sideline and the dow down the bears are on the run for now. in san francisco, spending is making a come back. >> i do see a lot more people shopping. i see a lot more people traveling. the airport is pretty full. traffic is back on the freeways. >> reporter: dollars are also flooding the stock market. the dow is closing in on 14,000. a level it hasn't seen since 2007. and just last week the s & p hit a five year high. economists say the forces behind the run include growth in china. stability in europe and the postponement of physical cliff talks in the u.s. a ro bust housing market doesn't hurt either. >>
for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ how far will people go to relieve their sore throat? try these. new cepacol sensations cools instantly, and has an active ingredient that stays with you long after the lozenge is gone. not just a sensation sensational relief. you know who is coming on to me now? you know the kind of guys that do reverse mortgage commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hel
-time highs yesterday we got a report that the economy shrank last quarter so which direction are we moving in economists at j.p. morgan chase and morgan stanley say the economy will rebound after plunging defense spending hurt and the chief economist at middle east analysts say the growing strength in the labor market will light a fire under growth. we will see how the market is this morning. weekly jobless claim numbers were worse-than-expected so still the markets are optimistic and trading higher. the silicon valley index is positive. facebook shares are lower, disappointing investors with the latest earning reports. barbie fans, the first barbie cafe open in taiwan. the hot pink diner features pink tables and sofas and the staff wears pink tutus. how about taking your spouse on a romantic trip open valentine's day? the majority of people who travel say their relationship with their loved one would improve if they went on more trips together. men are more inclined than women to go on a romantic trip, new york and san francisco are among the top choice destinations. >> vacation to san fr
the local economy and keeps everybody out there working. >> reporter: there's still tickets for tonight's pep rally it's $12 a person and it's just getting started. live in san francisco, amber lee, ktvu channel 2 news. >>> pretty much seems like just about everyone in the bay area has 49er fever. even the restaurant chain panda express. more than 70 locations will get free orange chicken for anyone that walks in with their 49er gear. >>> a suicide bomber attacked the u.s. embassy in turkey. he died. the bomber is a known militant. state department officials say the embassy is heavily protected but is also due for an upgrade. >>> in mexico city the death toll from yesterday's explosion at the pemex headquarters rose to 23 today. rescuers are still looking for more possible victims. the head of pemex says it appears it was an accident although the cause has not been determined. and a spokesperson said most of the damage was too administrative offices. >> back here in the u.s., john kerry was officially sworn in today as secretary of state. kerry's wife and daughter attended the ceremony
celebrating and having a good time. but it sustains the local economy and keeps everybody out there working. >> reporter: there's still tickets for tonight's pep rally it's $12 a person and it's just getting started. live in san francisco, amber lee, ktvu channel 2 news. >>> pretty much seems like just about everyone in the bay area has 49er fever. even the restaurant chain panda express. more than 70 locations will get free orange chicken for anyone that walks in with their 49er gear. >>> a suicide bomber attacked the u.s. embassy in turkey. he died. the bomber is a known militant. state department officials say the embassy is heavily protected but is also due for an upgrade. >>> in mexico city the death toll from yesterday's explosion at the pemex headquarters rose to 23 today. rescuers are still looking for more possible victims. the head of pemex says it appears it was an accident although the cause has not been determined. and a spokesperson said most of the damage was too administrative offices. >> back here in the u.s., john kerry was officially sworn in today as secretary of state.
. >> the president said the economy is poised to expand this year after 2.2 million jobs were created last year. republicans say this is the chance for congress to begin balancing our nation's checkbook. jump starting the economy and restoring faith in our government. >>> energy secretary steven chu is stepping down. the former head of the lawrence berkeley national lab drew a lot of political fire during his tenure on the president's cab net. but as abc7 news political reporter mark matthew notes, khu also drew a lot of talent to the department as he worked to reshape its mission. >> at the white house, president obama publicly thank the steven chu for his service. steven has a great friend, a tremendous colleague working on a whole range of energy issues, but also designing a cap to plug the hole in the middle of the gulf of mexico when anyone else could figure it out. that's typical of the incredible contributionings he's made to this country. >> when he came here he had a nobel prize in physics but knee real experience in politics. >> he said honest things about climate change and energy wh
america compete for the best jobs and new industries. >> the president said the economy is poised to expand this year after 2.2 million jobs were created last year. republicans say this is the chance for congress to begin balancing our nation's checkbook. jump starting the economy and restoring faith in our government. >>> energy secretary steven chu is stepping down. the former head of the lawrence berkeley national lab drew a lot of political fire during his tenure on the president's cab -- cabinet. but as abc7 news political reporter mark matthew notes, khu also drew a lot of talent to the department as he worked to reshape its mission. >> at the white house, president obama publicly thanked steven chu for his service steven has a great friend, a tremendous colleague working on a whole range of energy issues, but also designing a cap to plug the hole in the middle of the gulf of mexico when anyone else could -- nobles to figure it out. that's typical of the incredible contributions he's made to this country. >> when he came here he had a nobel prize in physics but knee no real
extra power or fuel economy than the models with bigger conventional engines. a four cylinder from bmw delivers on a promise of good fuel economy and acceleration according to consumer reports. >> in boston, a worker would fell from a construction site survived the fall because of plastic wrap. the worker plunged 30' from this building into mistick -- plastic sheeting. he was tangled in the heavy duty plastic and needed to be cut free despite the padded landing he was taken to the hospital but he is going to be okay. >> next at 6:00, the final step of the 49ers today after returning home from the super bowl in new orleans. >> the golden state versus the lone star state. the war of words with a texas counterpart. >> we are minutes away from the start of a florida hearing for george zimmerman and what he @ññ!ñcúsys of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve
compete for the best jobs and new industries. >> carolyn: president says the economy is poised to expand this year after 2.2 million jobs were created last year. republicans say this is the chance for congress to begin balancing the nation's checkbook jumpstart go the economy and restoring faith in our government. >>> energy secretary steven chu is stepping down. the former head of the berkeley lawrence lab drew a lot of fire but as political reporter mark matthews, he also drew a lot of talent to the department as he worked to reshape its mission. >> at the white house, president obama thanked him for his service. >> he has been a great friend over the past four years working on energy issues but also designing a cap to plug a hole in the gulf of mexico when nobody else could figure it out. >> when he came to washington in 2009 from u.c. berkeley he had a nobel prize in physics but no experience in washington politics. >> he said honest things about climate change and energy that he had to political reasons walk back during his confirmation hearings. >> things like coal is my worst nigh
of gas and that breaks down to 800 hours wasted. experts say this is a direct result that the economy is rebounding. good news there. the city that has the least congestion, pensacola, florida. that takes only a measly nine minutes to get to where you need to go. >> tara, thank you for the toss. i will take it from here. >>> traffic is moving along in some areas not so well, you know the drill. even though this is a 15 to 20- minute delay, i would still say it's a good excuse there are no problems on that span. so the total time you are looking at to get into san francisco, live time traffic 30 plus minutes. not that bad for the entire thing. trying to get up to the bay bridge in oakland, there was a crash 880 in san leandro. that's been cleared. very slow. that's also affecting the castro valley commute. if you want to use an alternate, i would say 580 all the way out to 980. it's. right now it's still pretty good. if you are going slow, i would say that's a decent alternate for you. the south bay commute still looks good. it has not become quite as heavy as it can be. you can see fo
. >> this just then. the january jobs report has came out. the economy added hiring hs picked up but we are seeing more people tried to enter the workforce. the unemployment rises. it is up to 7.9%. we will have more on the markets as kron 4 continues. at ikea, we don't just design furniture. we design good mornings. little experiments. big ideas. brighter ways. and better tomorrows you can take home today. imagine if everyday was just a little bit better for everyone. >> this is a live shot of interstate 80 where police are looking for this flat bed pickup truck. the driver has apparently kidnapped a child. we will give you more information coming up. this person is supposed to be a relative. >> new data from consumer intelligence research partners say that iphone users pay the highest monthly bills. 60 percent of iphone users holden said, that they pay more than $100 per month for their service. only 50% of android users fell into that same category. black berry and windows phone users paid even less. cirp says, that the reason is most likely due to a carriage users' fees which the ce
and making the economy worse because it takes money to fix it. >> i think that when the liquor kick and they went out to the streets and the crowd let them play. now the half to help prevent them from playing. they still have to get them relaxed but there are going to do more harm if they still let them go. this time, controlled bomb before it happens. >> the business owner of this restaurant el toro is that he did sustain damage and but he is hoping that things will be different because he is right next door to the police station. he is warning people to not come out and destroyed property. with the new media of everything is caught on camera and they will prosecute to the full extent. >> they have also been clearing some of those metal trash cans. to try to get the fuel out of the mission district. >> yes. of the public works to apartment have cleared out trash cans. according to that business owner he says that those have been able to be removed for that reason. they can take them and smash them and also warn business owners. the city has cleaned up those trash cans. >> thanks. k
illegal immigrants. >>> the u.s. economy is still described as shaky but don't tell that to investors who are driven large u.s. stock indexes to all-time highs especially this month. jill schlesinger, editor at large for cbsmoneywatch.com is here to tell us why the stock market is rising so steady. good. >> reporter: good morning. >> we are up 5% and still in the month of january? that's unreal. why? >> reporter: i hate to be asking questions why, but let's start with three factors outside of the u.s. for the first time in over two years we're not talking about europe because they are no longer in crisis mode. next, you know, we saw a big chinese bubble in property and it burst and economists thought that the country would enter into a prolonged downward spiral but actually china avoided the much feared hard landing and has resumed growing. and finally, after two decades of stagnation, a new round of japanese officials has been elected and they are starting to address the economy in ways not seen in a while. so three good reasons outside the u.s.
: now for today's market update. stocks close lower after a new report that showed the economy unexpectedly contracted in the fourth quarter. the federal reserve also said growth has "paused" in recent months. on wall street. the dow lost 44-points. it's biggest drop off in three weeks. the nasdaq was down 11. and the s-and-p-500 fell five. >> facebook has gained so many mobile users this year that for the first time the number of active daily users are using their phone to check facebook more than their computer. the company's focus on putting mobile first, with new apps and features, is paying off. facebook is the largest social network in the world, and it was the most used mobile app across i=o=s and android devices in the united states in 2012, according to recent score numbers. still ahead, gary radnich will speak with the steve young the great interview and one of the 49ers final practices before the sunday game. what the players are saying. gary radnich is coming up, do not roof. do not mo tofu do not move.... well, well, well. growing up, we didn't have u-verse. we cou
is a city with an economy that certainly thrives on tourism. and even after hurricane katrina, which took place in 2005, they're still rebuilding here. and big events like this certainly do help. and the people, they really are glad to see you. take a look. ♪ new orleans is getting ready to shine in the international spotlight yet again with the super bowl. it's the tenth out of 47 total that the crescent city has hosted. and you don't find too many fans with split loyalties. who are you rooting for? >> split down the middle right now. i probably a little more 49ers. >> reporter: craig is part of a group helping bring wounded veterans to the super bowl. and everywhere you look in the french quarter, the energy is emanating from the street level activity. and the local flavor is starting to emerge. >> welcome to new orleans. >> reporter: some wearing more 49ers and ravens gear than others. >> like from fredricks? >> i made this myself. i make all the costumes myself, except for the what you call it, the hardware of it. i make it all myself. and my bra has predicted the last three major s
newsom's energetic leadership the economy grew and the city became an economic center for biotech and clean tech. gach newsom has been a trail blaitzer on combating homelessness and protecting the government. in 2007 he was re-elected as mayor with more than 70 percent of the vote, which is unheard of. please welcome our lieutenant governor, gavin newsom. >> my role was to get tom to speak. i'm just going to jump in because i want to keep you all on time. you've got an agenda packet and i'm going to be held accountable if you don't meet it. roslyn, let's pick up on tom's passion. he told me a couple points that are important, that is the consciousness awareness, this growing consciousness around bullying. and it's a question i guess that requires, has bullying gotten worse or have we gotten better to begin to recognize it? >> hard to know. tom and the president refer to as far too often as a rite of passage. we certainly are seeing evidence in ways that i don't recall, the levels of violence, the vitriolic violence, it's not just coming from the back of the school, it's c
to compete in the global economy tomorrow, pal, you've got to embrace diversity. why does coca-cola write a brief to the united states supreme court and general motors and microsoft on issues of diversity and higher education? because they know if they want to get ahead, they've got to embrace that diversity. if they want to continue to be a fortunes 50 company, there's got to embrace diversity. similarly if we want to get down to the local level and address this issue, we've got to teach our kids that the sooner that you embrace difference and understand that your muslim classmate or your seat classmate or your gay classmate or your limited english professor classmate might be tomorrow's ceo or today's best friend of yours, the better off we will be. you have a leg up, having done about 30 jury trials across this country and seen interactions between people of diverse backgrounds. >> and here we try to celebrate, not just embrace, our diversity. celebrate all our interesting diversity but also celebrate the things that bind us together. ruslyn, does can urriculum need to change or i
on the deficit. to keep the u.s. economy on the upswing. >> for example, we need to lower the cost of health care and programs like medicare that are the biggest drivers of our deficit. without just passing the burden off to seniors. and these reforms must go hand in hand with eliminating excess spending in our tax code. >> the president said wealthy individuals and large corporations should not have access to tax look holes and deductions not available to average americans. >>> the white house released this video of president obama skeet shooting in camp david and it was taken in august and it was answering skeptics to those who thought he didn't know how to shoot. a tennessee woman says he respects the sport of hunting. and democrats are pushing for tougher gun control legislation in congress. >>> a first of its kind event in concord, today, was aimed at keeping student athletes healthy on the field and off. the volunteers from the medical center offered health screenings for students at delasalle high school. about 15 years ago, an athlete died of sudden heart failure during a basketball game.
recovery. it could weaken our economy. and it could cost us jobs. not just now, but in the future. >> as he has done in past, the president today called for a balanced approach that would eliminate tax loopholes for the wealthiest americans and large corporations. >>> meanwhile the white house released this photo of president obama skeet shooting at camp david. the photo was taken back in august, but was released to answer skeptics who doubted mr. obama knew how to shoot. a tbs congresswoman questioned mr. obama's statements that he enjoys the sport and respects the traditions of hunting. >>> in turkey police have confirmed the identity of the suicide bomber who attacked an american embassy. police released this security video the bomber moments before he ignited the bomb. the terrorist group that claim responsible for the bombing now calls him a martyr for the anti- american cause. the attack killed a security guard and seriously injured a journalist. >>> also in turkey police have arrested at least nine in connection with the disappearance and death of a new york woman. body of
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